Stock audit urgent sir!!!
This query is : Resolved
27 March 2012
Dear Experts,
This is the 2nd time i am posting this simple query, very important for me. If any experts view this do reply this. How to perform a stock audit?
I need to know abt. it because my office might ask me to do that since 1st april 2012 is fast approaching. Hope all the experts know the importance of stock audit.
With regards,
Rajesh.
This is the 2nd time i am posting this simple query, very important for me. If any experts view this do reply this. How to perform a stock audit?
I need to know abt. it because my office might ask me to do that since 1st april 2012 is fast approaching. Hope all the experts know the importance of stock audit.
With regards,
Rajesh.
28 March 2012
You have to physically verify the stock and compare the same with the stock as per books.
Any variances observed are to be reported and adjusted in the books.
Any variances observed are to be reported and adjusted in the books.
Message likes :
1 times
28 March 2012
1. Go to client place and ask the concerned person for list of materials.
2. He will give stock statement consists of material name, quantity, Nos, Value as on that date, etc.
3. Take one assistant to count the materials.
4. Verify actuals with the stock statement.
5. Any discrepancy, note down.
6. In case, number of material high in volume, then conduct the stock audit on sample basis.
2. He will give stock statement consists of material name, quantity, Nos, Value as on that date, etc.
3. Take one assistant to count the materials.
4. Verify actuals with the stock statement.
5. Any discrepancy, note down.
6. In case, number of material high in volume, then conduct the stock audit on sample basis.
Message likes :
1 times
14 April 2012
Experts have given proper reply to your query and I agree with them
14 April 2012
Mr CA SS Agarwal, please try to add value with your replies.
Do not add unnecessary replies to a query.
Do not add unnecessary replies to a query.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Legal heir raised refund , but refund issued to the closed account of deceased.
- TDS NUMBER SURRENDER
- Whether still royalty
- Offsetting interest income against derivative trading losses
- SEC 54 OF IT ACT
- RCM - commercial rent paid to URP under GST
- Gratuity Withdrawls
- DEMAND ORDER
- Amendment of September 2021 Invoice
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
